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- Dec 6, 2006
Not trying to tell you what to do, I personally wouldn't pay a car out in cash, you drop 20k on the camaro and as soon as you drive off the lot its worth 15k. If I was in your shoes I would talk to a credit union and tell them you want to finance the vechicle. They have rates as low as 1.9% if you qualify and they can cut you a check for the 20k and you can pay the dealer. You can put 5k down on the loan and owe what the car is worth
and still have 12k in your pocket
. If you want to get rid of it 2 years down the road you probably will get trade in value for what is left on the loan
.